Analyst/Associate – Investment (Securitization)

Department: Investments

Location: Washington, DC

Compensation: $120,000 - $150,000 / year

Description

The Analyst/Associate will assist the Washington, D.C. based securitized products group with the execution of Invictus' securitization and capital markets strategy. The desired candidate should have a strong aptitude for analytics and financial markets as well as an ability to execute multiple responsibilities in a heavily deadline-driven environment while maintaining a flexible attitude. This position provides the opportunity for maximum exposure in the company as well as hands-on experience in residential credit and structured finance.

Key Responsibilities

• Collaborate with internal and external parties (such as investment banks, rating agencies, law firms, accountants) to successfully execute Non-Agency Residential Mortgage-Backed Securities (RMBS) transactions.


• Analyze loan attributes and eligibility criteria to determine the composition of loan pools.


• Contribute to the structuring of securitization transactions by determining pool sizes, loan diversification, and other relevant factors such as rating agency criteria and constraints.


• Conduct cash flow analysis and modeling to project transaction performance and support transaction execution.


• Ensure the timely and accurate preparation of loan tapes, offering documents, prospectuses, and other materials for securitization issuance.


• Validate data integrity and perform quality control checks on loan-level data during collateral tape creation. Perform and contribute to complex tie-out processes with investment banks, rating agencies, and accounting firms as part deal issuance.


• Stay up-to-date on industry trends, capital markets execution, and regulatory requirements in the residential mortgage loan and RMBS sectors.


• Collaborate with technology and data teams to streamline and automate tape creation and pool management processes.


• Contribute analysis to support investment decisions in the residential whole loan and non-agency mortgage securities sectors for private credit funds.

Skills, Knowledge and Expertise

• 2-3 years of experience in project finance, rating agency, investment banking or other analytical position


• Bachelor's degree or higher in an analytical discipline such as Mathematics, Statistics, Finance, Economics, Computer Science, Engineering, or related field


• Strong analytical and quantitative background


• Knowledge of cash flow analysis and financial modeling


• Advanced proficiency in Microsoft Excel


• Proficiency or prior working knowledge of SQL strongly preferred


• Prior experience with Intex software (IntexCalc, DealMaker) is a plus but not a necessity


• Familiarity with residential mortgage loans and/or structured finance concepts would be preferred


• Familiarity with Residential Mortgage-Backed Securities (RMBS), Commercial Mortgage-Backed Securities (CMBS), or Asset-Backed Securities (ABS) offering documents is a plus but not a necessity


• Intellectual curiosity in the financial services and securitized products industry; knowledge of financial markets helpful


• Strong communication skills


• Ability to work collaboratively in a team environment and to manage multiple responsibilities and requests

Key Competencies

• 
  Analytical and Quantitative Skills: Essential for financial modeling, cash flow analysis, and validating data integrity in securitization processes.


• 
  Attention to Detail: Critical for ensuring accuracy in loan-level data, quality control, and maintaining data integrity throughout transactions.


• 
  Financial Modeling Proficiency: Strong skills in Excel and programming languages (such as SQL, or VBA) to manage complex data sets in relation to the issuance process.


• 
  Industry Knowledge and Curiosity: Understanding of financial markets, securitization, and residential mortgage products/regulations, with an openness to ongoing learning in these areas.


• 
  Collaboration and Communication: Ability to work effectively with internal teams and external stakeholders, like rating agencies and investment banks, to coordinate transactions and support strategic objectives.

How This Role Demonstrates Our Values

• 
  Integrity: The role demands accuracy and ethical diligence in data management and regulatory compliance, reflecting our commitment to trust and reliability.


• 
  Collaboration: By working closely with internal teams and external partners, the role embodies a collaborative approach essential to successful securitization.


• 
  Excellence: High proficiency in financial modeling and data analysis ensures quality work that aligns with our pursuit of excellence.


• 
  Critical Curiosity: Staying informed on industry trends and developing new quantitative tools showcase a mindset of continuous improvement and proactive problem-solving.

Benefits

• Invictus medical, dental and vision is covered at 100% for all tiers.


• We offer FSA's for healthcare, dependent care, transit and commuter costs.


• Safe harbor 401(k) match of 4%; employees need 3-months of service to be eligible to participate. No vesting after that.


• $80 per month cell phone reimbursement.


• 20 Days of PTO accrued at the beginning of the year, plus 10 company holidays.